To add 'ATR based RENKO' chart type, 'Candle close alert' in Candlestick chart & 'Position size calculator'

Created at 29 Jun 2022, 18:44
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gaushur

Joined 29.06.2022

To add 'ATR based RENKO' chart type, 'Candle close alert' in Candlestick chart & 'Position size calculator'
29 Jun 2022, 18:44


Firstly, RENKO is a great chart type to remove noise and focus on price only. Thankfully cTrader has RENKO, but it's fixed pip RENKO (5 pips or 10 pips, etc), which creates problems in JPY pairs (AUD-JPY, EUR-JPY, GBP-JPY, NZD-JPY, USD-JPY, etc) and metal pairs (XAG-USD, XAU-USD, etc).
 

Secondly, I'm damn sure It will be a great innovation to add "candle close alert" in cTrader because half of the traders in the world are breakout traders who trade after appearing breakout candle at a certain level. 
Just imagine...how amazing it would be if the alert had notified me when the candle was broken at a certain level and closed after a breakout, instead of notifying me when it touched a certain level! 
It'll save thousands of hours in traders' life because it'll save our watch time and chart monitoring time. No platform has that kind of alert.

And at last I would like to say that, before taking a trade, we all have to calculate the position size according to our own risk management, which is a bit of a hassle for mainly short timeframe traders like 5 minutes or 15 minutes or whatever. Just think...how amazing if the position size is automatically calculated according to the pre-fixed risk management in that specific pair while selecting the stop loss level by dragging in the chart before place a buy or sell order on cTrader, it'll be awesome. I'm damn sure It'll be another great innovation also.


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@gaushur